Get Approved at The Lowest Rate
Securing a down payment can be one of the biggest challenges on the path to homeownership. That’s why we’re thrilled to offer a comprehensive Down Payment Assistance (DPA) program in El Paso, TX for FHA loans designed to help you achieve your dream of owning a home with ease.
Our Down Payment Assistance program in El Paso, TX provides a financial boost to eligible homebuyers in El Paso, TX, making it easier to cover the upfront costs of purchasing a home. This assistance is available in the form of a forgivable grant, which means you don’t have to repay it under certain conditions.
Our DPA program is available in most states across the U.S., excluding Washington state. This extensive reach ensures that many aspiring homeowners in El Paso, TX can benefit from our assistance.
The grant can cover 2% or 3.5% of the purchase price of your home in El Paso, TX. This grant is completely forgivable, easing your financial burden.
You can combine this grant with up to 6% seller concessions in El Paso, TX, which can be used for closing costs. This flexibility allows for a more manageable and less stressful home-buying experience.
Enjoy the freedom of homeownership in El Paso, TX without any resale restrictions. You can sell your home whenever you choose without worrying about penalties or limitations.
To qualify for our FHA Down Payment Assistance program, you need to meet the following criteria:
A FICO score of 580 qualifies you for Approve/Eligible status in El Paso, TX, while a score of 620 is required for Refer/Eligible status.
This program is primarily designed for first-time homebuyers in El Paso, TX.
If you’re still working, you must either be retired or actively volunteer in your community.
We are committed to guiding you through every step of the home-buying process in El Paso, TX. Our experienced team will work closely with you to explore your options, ensuring you make informed decisions that suit your financial situation and homeownership goals.
Don’t let the down payment be a barrier to your dream home. Contact Horizon Lending Services today to learn more about our FHA Down Payment Assistance program in El Paso, TX and take the first step towards owning your home. Our dedicated professionals are here to help you navigate the complexities of home buying with confidence and ease.
Let Horizon Lending Services be your trusted partner in turning your homeownership dreams into reality.
FHA Down Payment Assistance Home Loans in El Paso, Texas offer benefits such as lower down payment requirements, flexible credit score criteria, and competitive interest rates. This program makes homeownership more accessible to individuals and families who may not qualify for traditional mortgages. El Paso, Texas, has a diverse population with a rich cultural heritage. The city is known for its warm community spirit and delicious Southwestern cuisine. The demographics include a mix of Hispanic, White, and African American residents, contributing to a vibrant and welcoming atmosphere. The housing market in El Paso is thriving, with a range of options to suit various budgets and preferences. The median home price is affordable compared to many other major cities, making it an attractive location for first-time homebuyers and investors alike. The market is stable, with steady appreciation rates over the years. El Paso boasts a variety of main attractions, including the stunning Franklin Mountains State Park, the historic Plaza Theatre, and the El Paso Museum of Art. With its beautiful desert landscapes and rich history, El Paso offers residents and visitors a unique blend of outdoor adventures and cultural experiences.
The Benefits of FHA Down Payment Assistance Home Loan in El Paso, Texas
